The Oil Fund is joining the Volkswagen lawsuits
The Oil Fund is joining the lawsuit against Volkswagen after the disclosure of manufacturer’s vehicle emissions trickery, Financial Times reports. We have been advised by …
Finance
The Auditor General:Poor monitoring of foreign taxpayers
Many foreigners with temporary residence permit in Norway pay too little or too much tax. Errors in the calculations are due to the complicated taxation…
Indian bank manager proposed for position at the Telenor board
Indian Ashok Vaswani is proposed as the third new director of Telenor. The 55-year-old is the CEO of the large bank Barclays UK. Telenor ASA…
Companies are reluctant to invest
95 percent of businesses in Western Norway reveal that they have not completed their investments as planned in the past year. The rest of 2016…
Increased activity in building and construction works
The activity in the building and construction industry increased by 2.6 per cent during the first quarter of the year, according to seasonally-adjusted figures. The…
Households hold back
Household consumption of goods fell by 0.3 per cent in March 2016, according to seasonally-adjusted figures. Much of the decrease was caused by a drop…
More forest roads constructed
In total, 105 kilometres of new all-year roads and summer roads were finished and approved in 2015. This is 35 kilometres more than in the…
Nearly 250 million kroner in profit for the Airport Express train last year
The Airport Express train got a result before taxes of 235 million in 2015–the second best result in the history of the company. The turnover…
Giske accuses Solberg of hiding tax cut-agenda
Labour’s deputy leaderTrond Giske accuses Prime Minister Erna Solberg of concealing the Government’s eagerness to give huge tax cuts to rich people. In an interview…
4,800 possible layoffs and dismissals in February
Nav was notifed of the possible layoffs and dismissals of a total of 4,800 people in February. That’s 900 more than in February last year,…
Slight decline in car purchases
In March, 13 875 new cars were registered in Norway. That’s 284 fewer cars than in March last year, representing a decrease of 2 percent. Compared…
Weaker growth in domestic debt
The twelve-month growth in the credit indicator C2 was 5.2 per cent to end-February, down from 5.3 per cent the previous month. The general…
The shipowners pessimistic about the future – 6 out of 10 expecting weaker performance
The oil crisis is affecting the shipping industry hard. The shipowners expect weaker results, even more laid-up ships and rigs and major cuts in its…
Many Norwegian companies in Gothenburg
Of all the companies that established themselves in Gothenburg in 2014, Norwegian companies stand out. In the year before the last there were 461 Norwegian…
Poorest profitability since 2002
The operating margin for listed enterprises was -4 per cent in the fourth quarter of 2015. This is the weakest listing since the statistics were…
Decrease in investments
Seasonally-adjusted figures show that the investments of retail trade industries decreased by 11 per cent in the 4th quarter of 2015 compared to the previous…
Monthly earnings up 2.6 per cent
Average monthly earnings for all employees, excluding overtime pay, were NOK 43 400 per the 3rd quarter of 2015. This was a year-on-year increase of NOK…
Jubilation day on the Oslo Stock Exchange
The main index of the Oslo Stock Exchange rose 2 percent Friday and ended at 588.05 points. The explanation for the rise is an upturn…
The discount chains are getting an increasingly larger market share
There were fewer grocery stores in Norway last year, but the turnover increased. An increasing number of people ara making their purchases in discount stores….
Fall in foreign liabilities
Liabilities held abroad by Norwegian non-financial enterprises totalled NOK 1 406 billion at the end of 2015. This was a 5.7 per cent fall from the…